On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Cloud Peak (CLD) downgraded to Equal Weight from Overweight at Morgan Stanley... Comerica (CMA) downgraded to Neutral from Overweight at JPMorgan... Concho Resources (CXO) downgraded to Neutral from Buy at SunTrust... Cummins (CMI) downgraded to Market Perform from Outperform at BMO Capital... Exact Sciences (EXAS) downgraded to Hold from Buy at Benchmark... Heartland Payment (HPY) downgraded to Market Perform at Keefe Bruyette... Illumina (ILMN) downgraded to Neutral from Buy at BTIG... KT Corporation (KT) downgraded to Neutral from Buy at Goldman... LINN Energy (LINE) downgraded on elevated leverage, distribution cut worries at Stifel... LinnCo (LNCO) downgraded to Hold from Buy at Stifel... Peabody (BTU) downgraded to Equal Weight from Overweight at Morgan Stanley... Radware (RDWR) downgraded on preannouncement, execution challenges at Oppenheimer... Southern Copper (SCCO) downgraded to Underperform on relative valuation at BofA/Merrill... Telecom Italia (TI) downgraded to Underweight from Equal Weight at Barclays... Teledyne (TDY) downgraded to Hold from Buy at Needham... Vantiv (VNTV) downgraded to Market Perform from Outperform at Keefe Bruyette.
Telecom Italia downgraded to Underweight from Equal Weight at Barclays Barclays analyst Mathieu Robilliard downgraded Telecom Italia to Underweight citing the company's "high" leverage and "full" valuation.
Telecom Italia opens up sale of Inwit, Reuters says Telecom Italia (TI) has opened the way for the sale of its Inwit unit but does not plan to sell its Brazilian mobile network operator Tim Participacoes (TSU), Reuters reports. The Italian phone company's board has told the CEO to look for options to gain value from Inwit, the report says. Reference Link